Correlation Between SentinelOne and Aberdeen

Can any of the company-specific risk be diversified away by investing in both SentinelOne and Aberdeen at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining SentinelOne and Aberdeen into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between SentinelOne and Aberdeen Multi Cap Equity, you can compare the effects of market volatilities on SentinelOne and Aberdeen and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in SentinelOne with a short position of Aberdeen. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and Aberdeen.

Diversification Opportunities for SentinelOne and Aberdeen

0.0

Correlation Coefficient

SentinelOne  Aberdeen

Pay attention - limited upside

The 3 months correlation between SentinelOne and Aberdeen is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Aberdeen Multi Cap Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aberdeen Multi Cap and SentinelOne is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on SentinelOne are associated (or correlated) with Aberdeen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aberdeen Multi Cap has no effect on the direction of SentinelOne i.e., SentinelOne and Aberdeen go up and down completely randomly.

Pair Corralation between SentinelOne and Aberdeen

If you would invest  0.00  in Aberdeen Multi Cap Equity on July 2, 2025 and sell it today you would earn a total of  0.00  from holding Aberdeen Multi Cap Equity or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

SentinelOne  vs.  Aberdeen Multi Cap Equity

SentinelOne

Risk-Adjusted Performance

Weakest

Over the last 90 days SentinelOne has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, SentinelOne is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Aberdeen Multi Cap

Risk-Adjusted Performance

Mild

Over the last 90 days Aberdeen Multi Cap Equity has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Aberdeen is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with SentinelOne and Aberdeen

The main advantage of trading using opposite SentinelOne and Aberdeen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, Aberdeen can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aberdeen will offset losses from the drop in Aberdeen's long position.

The idea behind SentinelOne and Aberdeen Multi Cap Equity pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.